News

Abu Dhabi / WAM Rashid Al Baloushi, CEO of the Abu Dhabi Securities Exchange (ADX), participated in the ‘Annual Conference on Cultural Diplomacy 2017’, in Berlin, Germany, from December 19-22, under the title, ‘Promoting Global Collaboration, Unity and Peace through Cultural Diplomacy’. More than 500 political and economic experts, as well as scholars, participated in the conference. Al Baloushi highlighted ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), announced the initiation of IMT2020 technology, also known as 5G technology. Licencees from mobile operators in the UAE will start the deployment of 5G networks in several phases starting from early 2018, allowing the use of harmonised spectrum bands and the development of the ICT infrastructure. This development facilitates the implementation of ...

Abu Dhabi / WAM Due to heavy fog forecasts in Abu Dhabi over the next few days, Etihad Airways has anticipated some flight delays and cancellations. As a consequence, some return flights of Etihad Airways into Abu Dhabi are also expected to face disruption, according to the company’s spokesman. Guests holding bookings over the next few days are advised to ...

Bloomberg SpaceX’s launch of a rocket carrying a batch of satellites into low-earth orbit caps a record year for the closely held company led by Elon Musk. The mission from California’s central coast was Space Exploration Technologies Corp.’s 18th this year. That’s more than any competitor and far exceeds the eight it launched in 2016 before a September explosion grounded ...

Bloomberg Best known as the maker of James Bond’s favourite car, Aston Martin is recalling more than 5,000 vehicles in the US because of a pair of problems. The Gaydon, England-based company, whose vehicles sell for more than $200,000, is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish vehicles made between 2009 and 2016 because of problems with the power ...

Bloomberg A European Union decision to treat Uber Technologies Inc. like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden US cities to restrict the ride-sharing service. The EU Court of Justice ruled against Uber, which had argued it’s a technology platform connecting passengers with independent drivers, not a transportation company subject ...

Bloomberg Fiat Chrysler Automobiles NV will recall 1.48 million Ram pickups in the US on the risk that a faulty component on certain trucks could allow the vehicles to roll away inadvertently while in park, the company said. If a driver repeatedly sits in the truck with their foot on the brake for prolonged periods of time with the truck ...

Bloomberg Santa Claus was perched on his throne at the Bloomingdale’s in midtown Manhattan. It was slow, a weekday before the after-school rush, so he knew what to expect: grown-ups. “When it’s quiet,” Santa said, “you get more adults taking selfies.” Sure enough, minutes later a woman walked past the giant FAO Schwartz stuffed animals and caught his eye. “Can ...

Dubai / Emirates Business In an unprecedented milestone in the history of Aviation, the Emirate of Dubai witnessed the implementation of the new designed airspace that enhances its efficient utilization to cater to the growth and the expansion plans in the sector. Spearheaded by Dubai Air Navigation Services (dans), the air navigation services provider of Dubai and the Northern Emirates, ...

ABU DHABI / WAM The Abu Dhabi Sustainability Group (ADSG), held a session that focused on ‘Natural Capital as the Road to A Prosperous and Resilient Economy’. The session examined and analysed what natural capital means, introduced the Natural Capital Protocol that provides updates on the progress made internationally, regionally and locally and explored how all attendees can support the ...